FintechDaily Staff – Page 272

Citi Ventures into Cryptocurrency with Xalts Seed Investment

Citi Ventures, Citigroup’s first venture capital investing group, and Accel have co-led a $6 million initial capital financing round for xalts, a Hong Kong-based digital...

BaaS Provider Delays Cost Fintechs $11M Annually – ClearBank & Aite-Novarica Report

New research from ClearBank and Aite-Novarica Group reveals that half of fintech companies are losing $11 million per year due to product delays related to...

Macron Champions Initiative for Online Child Safety

French President Emmanuel Macron has launched the Children Online Protection Laboratory aimed at safeguarding children from online threats and cyberbullying through the monitoring of harmful...

Payable Secures $6.1 Million to Transform Business Payment Systems

Payable, a payments operations platform for businesses, has successfully raised $6.1 million in a funding round led by CRV and Earlybird. Founded by former Checkout.com...

Lightyear Introduces Business Investment Account

Retail investment platform Lightyear is expanding into the small business sector by launching UK business accounts and providing freelancers and sole directors access to money...

BIS Innovation Hub Unveils New Prototype for Central Bank Digital Currency (CBDC)

Tourbillon is an innovative project designed to enhance cyber resiliency, scalability, and privacy in the context of a prototype Central Bank Digital Currency (CBDC). Launched...

Mastercard Partners with Egyptian Fintech Fund for Investment

Mastercard has made an investment in Nclude, a venture capital platform for fintech, which was launched in collaboration with Egypt’s prominent national banks: Banque Misr,...

Northstar Secures $24.4 Million to Enhance Financial Wellness Benefit Platform

Northstar, a financial wellness benefit platform for employees, has successfully raised $24.4 million in a funding round featuring contributions from PayPal Ventures and Thomson Reuters...

Plaid Unveils Machine Learning Risk Engine Named ‘Signal’

Plaid has announced that after two years in beta, its machine learning (ML) risk engine, Signal, will be available to customers looking to enhance their...

Lloyds Partners with NayaOne to Launch Fintech Sandbox

UK high street bank Lloyds has intensified its engagement with fintechs by launching its Innovation Sandbox, developed in collaboration with NayaOne. The bank explains that...